SOLE TRADING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SOLE TRADING
Largest movements
- Receivables within one year +€261,995
up €261,995 (+1,200%), from €21,836 to €283,832
of which Trade receivables: +€274,146
- Stocks and contracts +€49,722
up €49,722 (+34.1%), from €145,950 to €195,672
- Tangible fixed assets -€16,501
down €16,501 (-40.8%), from €40,461 to €23,960
of which Other tangible fixed assets: -€11,159
- Trade debts +€253,301
up €253,301 (+288%), from €88,073 to €341,374
- Other debts +€42,010
up €42,010 (+110%), from €38,142 to €80,152
- Profit (loss) carried forward +€7,075
up €7,075 (+9.0%), from -€79,045 to -€71,970
- Gross operating margin +€59,429
up €59,429 (+36.6%), from €162,296 to €221,725
- Staff costs -€23,085
down €23,085 (-11.3%), from €204,062 to €180,977
- Taxes -€9,959
no longer reported in 2025 (was €9,959)
- Other operating charges -€2,322
down €2,322 (-15.3%), from €15,179 to €12,857
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,587 | €622,962 | +€305,375 | +96.2% |
| Fixed assets | 21/28 | €53,586 | €37,085 | -€16,501 | -30.8% |
| Tangible fixed assets | 22/27 | €40,461 | €23,960 | -€16,501 | -40.8% |
| Plant, machinery and equipment | 23 | €728 | €556 | -€172 | -23.6% |
| Furniture and vehicles | 24 | €13,534 | €8,365 | -€5,170 | -38.2% |
| Other tangible fixed assets | 26 | €26,199 | €15,039 | -€11,159 | -42.6% |
| Financial fixed assets | 28 | €13,125 | €13,125 | = | 0.0% |
| Current assets | 29/58 | €264,001 | €585,877 | +€321,876 | +122% |
| Stocks and contracts in progress | 3 | €145,950 | €195,672 | +€49,722 | +34.1% |
| Stocks | 30/36 | €145,950 | €195,672 | +€49,722 | +34.1% |
| Amounts receivable within one year | 40/41 | €21,836 | €283,832 | +€261,995 | +1,200% |
| Trade receivables | 40 | - | €274,146 | +€274,146 | |
| Other amounts receivable | 41 | €21,836 | €9,685 | -€12,151 | -55.6% |
| Cash at bank and in hand | 54/58 | €88,148 | €93,706 | +€5,557 | +6.3% |
| Deferred charges and accrued income | 490/1 | €8,067 | €12,668 | +€4,601 | +57.0% |
| Total equity and liabilities | 10/49 | €317,587 | €622,962 | +€305,375 | +96.2% |
| Equity | 10/15 | €105,200 | €112,275 | +€7,075 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,645 | €165,645 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €163,785 | €163,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,045 | -€71,970 | +€7,075 | +9.0% |
| Amounts payable | 17/49 | €212,388 | €510,687 | +€298,300 | +140% |
| Amounts payable within one year | 42/48 | €211,738 | €510,687 | +€298,950 | +141% |
| Current portion of amounts payable after more than one year | 42 | €2,397 | - | -€2,397 | |
| Trade debts | 44 | €88,073 | €341,374 | +€253,301 | +288% |
| Suppliers | 440/4 | €88,073 | €341,374 | +€253,301 | +288% |
| Taxes, remuneration and social security | 45 | €83,126 | €89,161 | +€6,035 | +7.3% |
| Taxes | 450/3 | €46,945 | €37,256 | -€9,689 | -20.6% |
| Remuneration and social security | 454/9 | €36,181 | €51,906 | +€15,725 | +43.5% |
| Other amounts payable | 47/48 | €38,142 | €80,152 | +€42,010 | +110% |
| Accrued charges and deferred income | 492/3 | €650 | - | -€650 | |
| Remuneration, social security and pensions | 62 | €204,062 | €180,977 | -€23,085 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,467 | €16,501 | +€1,034 | +6.7% |
| Other operating charges | 640/8 | €15,179 | €12,857 | -€2,322 | -15.3% |
| Gross operating margin | 9900 | €162,296 | €221,725 | +€59,429 | +36.6% |
| Operating profit (loss) | 9901 | -€72,412 | €11,390 | +€83,802 | |
| Financial income | 75/76B | €830 | €137 | -€693 | -83.5% |
| Recurring financial income | 75 | €830 | €137 | -€693 | -83.5% |
| Financial charges | 65/66B | €6,392 | €4,451 | -€1,940 | -30.4% |
| Recurring financial charges | 65 | €6,392 | €4,451 | -€1,940 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€77,974 | €7,075 | +€85,050 | |
| Income taxes | 67/77 | €9,959 | - | -€9,959 | |
| Profit (loss) for the period | 9904 | -€87,933 | €7,075 | +€95,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,933 | €7,075 | +€95,009 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.